Mmegi

It’s all lies– Rollers on Sebata exit

Investor: Sebata. PIC:ROLLERS
Investor: Sebata. PIC:ROLLERS

Township Rollers have come out to quash reports that the club is at loggerheads with investor and president, Tendai Sebata. Concerns amongst Rollers supporters intensified this week amidst reports that Sebata was on his way out of the club after the two parties differed over some matters.

There was a further suggestion that Sebata is demanding a stake in Township Rollers Pty (Ltd), a commercial entity that ran the club during former club president, Jagdish Shah's 10-year reign. Following Shah's departure, Rollers established Popa Investment (Pty) (Ltd). An 80% stake in Popa Investment is reserved for the investor, in this case, Sebata, whilst the remaining 20% is for the club's general membership.

MmegiSport has been informed that Sebata has queried Rollers over the status of Township Rollers Pty (Ltd) and wanted the club to trade under the entity instead of Popa Investment Pty (Ltd). Shah is said to own an 80% stake in Township Rollers Pty (Ltd) and was to meet the club leadership for a handover. Shah has reportedly failed to meet with the Rollers management and retains the majority stake of Township Rollers (Pty) (Ltd). MmegiSport has been further informed that Sebata is yet to sign any document with Rollers despite his much-publicised launch held during the off-season. Speaking to MmegiSport, Rollers' secretary-general, Obert Kgathi, said the club is puzzled by the emergence of the reports as he assured that all is well at the record league champions. "Those are lies. How can one invest in something they have no MoA (Memorandum of Agreement) with? We are just puzzled hence we (are) not even responding to anything," Kgathi briefly said.

Editor's Comment
Get back what was stolen, and lock the door

That a single private law firm pocketed P6.5 million for just four cases, out of a total P11.1 million paid for 25 matters, reeks of a system that was not merely disorganised but open to abuse.Bayford has taken a welcome first step by telling the Public Accounts Committee the truth. Now he must act decisively to ensure it never happens again and that any money lost to wrongdoing is recovered.The figures are staggering. Whilst ordinary Batswana...

Have a Story? Send Us a tip
arrow up